District Cooling Market to reach $140bn by 2024

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District Cooling Market to reach 140bn by 2024
Global Market Insights Inc.
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Industry Overview

• District Cooling Market to surpass USD 140
  billion by 2024 driven by growing focus toward
  adoption of sustainable energy. Growing concerns
  pertaining to carbon emissions along with rising
  demand for space cooling will foster the district
  cooling market. Increasing penetration of
  renewable energy technologies coupled with
  growing adoption of sustainable cooling solutions
  will stimulate the industry growth. In 2016,
  Tabreed reported an elimination of 570,000 tons
  of CO2 emissions from there 66 DC plants
  installed across the GCC countries.
• Changing climatic conditions on account of
  increasing surface temperature and global warming
  will boost the market share. In addition, rapid
  urban area development and growing residential
  sector owing to increase in consumer spending and
  rise in per capita income will encourage the
  product adoption. The average temperature in
  Kuwait during summer seasons was recoded to be
  300 C in 2016.
• Japan district cooling market is set to exceed 17
  PJ by 2024. Rapid economic growth coupled with
  strict environmental norms toward emissions will
  encourage the product adoption. Growing concerns
  toward energy security along with large scale
  deployment of cooling systems across Tokyo,
  Sapporo, Osaka and Yokohama will complement the
  business outlook. Rapid technological advancement
  in product design and development along with
  extensive RD activities across the nation has
  also instituted favorable business scenario for
  the industry players.

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District Cooling Market

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• Increasing adoption of energy efficient and
  sustainable building standards along with ongoing
  development of environment friendly building
  solutions will stimulate the commercial market.
  In addition, the flourishing service sector
  including office buildings, data centers,
  colleges and universities will further impact the
  industry growth. For instance, in 4th quarter
  2016, the overall investments toward commercial
  establishments were valued around USD 107.8
  billion.
• Ongoing adoption of heat pumps owing to their
  compatibility with sustainable heating
  technologies will stimulate the district cooling
  market. In addition, the technology is widely
  used for trigeneration, providing heat, cool and
  electricity across the commercial and residential
  establishments. It uses the waste heat to
  generate energy thereby, reducing the emissions
  effectively when compared with other counterparts.

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China District Cooling Market Size, By Production
Technique, 2017 2024 (USD Million)

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Industry Coverage

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• Stringent regulatory framework toward the
  adoption of sustainable cooling technologies
  along with accelerating service sector across the
  nation will boost the Sweden market. Increasing
  investments toward development of innovative
  energy efficiency solutions, energy management
  systems and efficient pipeline network will
  encourage the product demand. Ongoing deployment
  of clean energy technologies on account of
  government norms toward decarbonization of
  buildings will further complement the business
  outlook.
• Key players catering across the district cooling
  market includes Keppel Dhcs, Tabreed, Singapore
  District Cooling, Emicool, SNC Lavalin, Fortum,
  ADC Energy, Vattenfall, Sellar Energy, Veolia,
  Shinryo Corporation, Ramboll, Qatar Cool,
  Siemens, Empower, Engie, Logstor, Alfa Laval,
  Wien Energi, Helen and Goteborg Energi.

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